A major impediment to economic advancement around the world is the fact that the vast majority of humans are unbanked.
Managing and moving your money should be a right, not a privilege. This isn't about banking the unbanked. It's about re-imagining what consumer retail banking can be.
If women had better access to the financial system - even so much as a basic deposit account at a bank - it would be a major step in the direction of greater wealth and greater economic empowerment.
With post offices and postal workers already on the ground, USPS could partner with banks to make a critical difference for millions of Americans who don't have basic banking services because there are almost no banks or bank branches in their neighborhoods.
India did not innovate with the ATMs. But when we brought ATMs into India and made the machines talk in 15 regional languages to the people in rural India, we got millions of transactions on the ATM.
Today, if you look at financial systems around the globe, more than half the population of the world - out of six billion people, more than three billion - do not qualify to take out a loan from a bank. This is a shame.
We will talk to the CIFAS members, financial institutions, about the possibility of closing accounts of people who have no right to be here. If you're going to create a hostile environment for illegal migrants... access to financial services is part of that.
Bank accounts for each household is a national priority for us. We need to rise to the occasion & successfully overcome this challenge.
As befits Silicon Valley, 'big data' is mostly big hype, but there is one possibility with genuine potential: that it might one day bring loans - and credit histories - to millions of people who currently lack access to them.
In Mexico, a network of government-operated rural convenience stores is offering banking services to rural communities.
By 1909, only about 16 percent of Americans had [Bank] savings accounts … While over half of all New Englanders had savings accounts, the number in the West and South was miniscule.
It was shocking to realize how many low-income Americans don't have savings accounts.
It has to be convenient. You have to be able to bank with me anytime.
I think the women in the political positions will push very, very hard to see that there are loans and banks for women in Rwanda.
